News DeskDubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with VFS Global, the world’s leading visa outsourcing and technology service provider for governments and diplomatic missions. This strategic agreement aims to accelerate trade and investment development for Dubai-based companies by leveraging VFS Global’s extensive international network and resources.
The collaboration focuses on reducing market entry barriers and expediting the commercial opportunities for businesses in Dubai. VFS Global will provide a range of services, including due diligence for potential partners in international markets, to support Dubai companies in their global expansion efforts.
The MoU aligns with the ‘Global Partnership Programme,’ a new initiative by Dubai International Chamber, one of the three chambers under Dubai Chambers. The programme is designed to enhance Dubai’s business landscape by offering services that streamline processes, simplify operations, reduce costs, and minimize risks for local companies. It complements the Dubai Global Initiative, which aims to attract foreign direct investment and support the international expansion of Dubai-based businesses across 30 priority markets.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the importance of this partnership in fostering economic growth. “We are dedicated to driving economic growth by attracting companies and investors from across the globe to the emirate and supporting the international expansion of local businesses. Our cooperation with VFS Global will enhance the competitiveness of Dubai’s private sector by facilitating smoother entry into global markets. We remain committed to supporting the business community as we continue to consolidate Dubai’s position as an unrivalled global gateway for opportunities and growth.”
Zubin Karkaria, Founder and CEO of VFS Global, expressed enthusiasm for the partnership. “We are pleased to partner with Dubai Chambers to launch our ‘TradeBridge Global’ trade and investment services for Dubai-based organizations. This initiative highlights our long-standing commitment to supporting the development of Dubai as a pre-eminent global business hub. Our association with the UAE began in 2002 when we launched Dubai Visa services with Emirates Airline, and in 2013, we moved our global headquarters to Dubai. Last year, we appointed our first Head of Empowerment and Inclusion for UAE to further the government’s vision to attract, develop and retain local talent. This new partnership with Dubai Chambers is just another step in our support of our commitment to Dubai and the UAE.”
The agreement will bolster the Global Partnership Programme across Dubai Chambers’ 31 international representative offices, playing a crucial role in achieving the goals of the Dubai Economic Agenda (D33). This agenda seeks to double the size of Dubai’s economy over the next decade and establish the emirate as one of the top three global cities.
